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Tesla (NASDAQ: TSLA) and SpaceX Plan $16.8 Billion Texas Chip Factory Spanning 100 Million Square Feet
Tesla and SpaceX confirmed plans Thursday, August 6, 2026, to build a massive semiconductor factory called Terafab in Grimes County, Texas. The initial investment stands at $16.8 billion, with the facility spanning more than 100 million square feet. Elon Musk, CEO of both companies, called it “the largest and most valuable building on Earth by…
Amazon Stock Jumps After Company Raises 2026 Capex to $220 Billion
On July 31, 2026, Amazon shares climbed after the company announced plans to increase its 2026 capital spending to $220 billion, reflecting a larger commitment to artificial intelligence and cloud infrastructure. The announcement came alongside stronger-than-expected quarterly earnings and solid growth in Amazon Web Services (AWS), easing investor concerns about higher spending. With competition in…
Hirect (NSE: HIRECT) Shares Jump 4% After Winning ₹120 Crore Indian Railways Orders
Hirect shares jumped 4% on Monday, July 27, 2026, after the company secured ₹120 crore in fresh Indian Railways orders. The power electronics maker, formerly known as Hind Rectifiers, disclosed the wins over the weekend. Shares had already closed 1.3% higher at ₹1,301.90 on Friday, up from ₹1,285. Hirect stock has now rallied more than…
Tesla Stock Falls 1.3% After Q2 Profit Miss, $25B Capex Plan July 23
Tesla misses Q2 earnings forecast despite record $28.24B revenue. Stock slides 1.3% as company plans $25B capex and $30B in new borrowing for AI and robotaxi expansion.
Tesla Shares Fall 4% After Q2 Profit Miss Despite Revenue Beat
Tesla missed Q2 profit expectations with adjusted EPS of $0.33 versus $0.51 forecast, though revenue hit $28.24 billion. Shares fell 4% after the earnings report.
NVDA Stock in Focus as Wistron Opens $700 Million AI Facility in Texas
On 21 July 2026, Nvidia supplier Wistron opened a $700 million AI manufacturing facility in Fort Worth, Texas, expanding AI production in the United States. The new plant will manufacture NVIDIA GB300 Grace Blackwell Ultra systems before moving on to next-generation Vera Rubin Superchips. The opening comes as global demand for AI infrastructure continues to…
Blackstone Invests in South Korea’s Futronic in $676 Million Robotics Deal
On 20 July 2026, Blackstone announced a 1 trillion won ($676 million) investment in South Korean robotics supplier Futronic. It is one of the firm’s largest robotics investments in Asia. The deal comes as manufacturers continue to increase spending on AI-powered production systems and smart factories. The investment gives South Korea’s robotics industry another boost…
CXMT’s $8.6 Billion IPO to Generate at Least $41 Million in Fees for Chinese Investment Banks
CXMT’s $8.6 billion Shanghai IPO is set to generate substantial fees for underwriters. The memory chipmaker priced shares at 8.66 yuan, or $1.28 apiece. That values CXMT’s business at roughly $85.2 billion upon its Shanghai Star Market debut. CXMT’s offering surpasses SMIC’s 2020 record as the largest chip IPO in China. Subscriptions opened Thursday, July…
Hyundai Motor (KRX: 005380) Takes Full Control of Boston Dynamics in Deal Valued at About $325 Million
On July 16, 2026, Hyundai Motor Group announced that it will buy SoftBank’s remaining stake in Boston Dynamics for about $325 million, giving it full ownership of the robotics company. The deal reflects Hyundai’s continued investment in artificial intelligence, humanoid robots, and smart manufacturing. As more companies compete to develop advanced robotics, Hyundai is expanding…